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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been re-acquired Common Stock, $50 par Paid-In Capital in Excess of Par $1,500,000 250,000 Paid in Capital from Sale of Treasury Stock 42,000 Retained Earnings 4,350,000 Treasury Stock 125,000
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